A Reversal for iShares DEX Universe Bond Index Fund Is Not Near. The Stock Gaps Up

November 28, 2016November 28, 2016Ellis Scott

The stock of iShares DEX Universe Bond Index Fund (TSE:XBB) gapped up by $0.02 today and has $33.33 target or 6.00% above today’s $31.44 share price. The 8 months technical chart setup indicates low risk for the $2.18B company. The gap was reported on Nov, 28 by Barchart.com. If the $33.33 price target is reached, the company will be worth $130.80 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 24,393 shares traded hands. iShares DEX Universe Bond Index Fund (TSE:XBB) has declined 0.92% since April 22, 2016 and is downtrending. It has underperformed by 6.93% the S&P500.

Another recent and important iShares DEX Universe Bond Index Fund (TSE:XBB) news was published by Theglobeandmail.com which published an article titled: “Beware the risk in bond funds” on July 10, 2013.

iShares DEX Universe Bond Index Fund seeks to provide income by replicating, to the extent possible, the performance of the DEX Universe Bond Index, net of expenses. The company has a market cap of $2.18 billion. The DEX Bond Index consists of a diversified selection of investment-grade Government of Canada, provincial, corporate and municipal bonds issued domestically in Canada and denominated in Canadian dollars. It currently has negative earnings. There are four credit or borrower categories: bonds issued bt Government of Canada , Provincial Bonds (including provincially guaranteed securities), Municipal Bonds, and Corporate Bonds.